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Started By
Message
re: U.S. aluminum/steel shutting down
Posted on 8/11/22 at 7:59 am to AllDayEveryDay
Posted on 8/11/22 at 7:59 am to AllDayEveryDay
quote:
If you're running an operation so lean that you can't pay your electricity bill your operation was probably on its way out anyway.
Eh, if one of your most consumed inputs triples you weren't really running that lean.
Posted on 8/11/22 at 8:12 am to Mingo Was His NameO
quote:
Eh, if one of your most consumed inputs triples you weren't really running that lean.
Go look at their financial statements the last 10 years. If you know how to read them. They have been lucky to survive this long. Shitty management. Their debt service coverage was almost negative. The bond yields we're 7 percent on 5 years in the lowest interest rate environment in the history of US business.
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